The manufacturing company Highlands Archery has forecast the demand for the Grizzly compound bow for the next 4 months. The production manager at High- lands Archery has already created an aggregate production plan, based on that information: Month 1 Month 2 Month 3 Month 4 Demand 10,000 bows 5,000 bows 30,000 bows 50,000 bows Produce 25,000 Produce 25,000 Produce 25,000 Produce 25,000 Managers production plan bows bows bows bows a. If Highlands Archery uses the manager's production plan, how many bows would be in inventory at the end of the fourth month? b. Following this plan, which month has the highest average inventory? c. If Highlands Archery pays $1 per bow to keep a bow in inventory for 1 month, what is the total inventory cost of the manager's plan, based on monthly ending inventory?
Q: A forecast of 240 units in January, 320 units in February, and 240 units in March has been approved…
A: January Forecast = 240 February Forecast = 320 Product C Forecast = 240*0.25 = 60 in January and…
Q: Tabard Industries forecasted the following demand for one of its most profitable products for the…
A:
Q: a) For an upcoming red carpet evening, a company is selling tickets at $60 per person at a large…
A:
Q: The monthly forecasts for Gravity Room Furniture Ltd. (GRF), a manufacturer of outdoor furniture, is…
A: Find the Given details below: Month Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Total…
Q: Prepare a Master Production Schedule (MPS) for an Agri-Chemical company given the following…
A: First calculate the projected-on hand inventory for each period using the following formula.…
Q: Wine Accessories Inc. (WAI) produces two models of corkscrews, the standard model and a deluxe…
A: The master production schedule (MPS) is a schedule that details the number of end items that will be…
Q: 2. Rollers Inc. uses a contimous budget The mouth of March is about to end, so the company is now…
A: To determine the budgeted factory supplies for the budgeted production of April i.e. 94,000 units we…
Q: Tim Smunt has been asked to evaluate two machines. After some investigation, he determines that…
A: For Machine A - Cash Flow at Year 0 = -15000 Cash Flow at Year 1 = -2400-4300 = -6700 Cash Flow at…
Q: Lemon Company makes products X and Y, with the following production constraints representing two…
A: Here, It is Linear Programming Problem, given that profit function or Objective Function Z=4*X+2*Y,…
Q: St James Town is located 15 minutes away from the city centre. It is a quiet town and the residents…
A: Answer - (a) Following are the list of four complaints that the residents might present to the local…
Q: You have been asked to estimate the cost of 100 prefabricated structures to be sold to a local…
A: Production costs mirror all of the costs associated with a company conducting its business while…
Q: how many tires will it be able to build up in its inventory after six months? How many months will…
A: In the above case, the production capacity of the company is given as, 3000 tires per month. The…
Q: Janelle Heinke, the owners of Ha'Peppas, is consid-ering a new oven in which to bake the firm's…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…
Q: The following table provides information on planned and actual inputs and outputs of an automotive…
A: This question is related to the Production Management/Production or process activities control Topic…
Q: The Beaver Creek Pottery company employs skilled artisans to produce clay bowls and mugs. The two…
A: Assuming the following format: Bowl Mug Labor 1 2 Profit 40 50…
Q: Rucklehouse Public Relations has contracted to do a survey following an election primary in New…
A: The detailed solution to this question is given in Step 2.
Q: A Juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of…
A: Month Production Days Demand Forecast January 22 900 February 18 700 March 21 800 April 21…
Q: Jerusalem Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical…
A: Given data,
Q: A manufacturer of ballet shoes has determined that its production facility has a design capacity of…
A: Capacity utilization relative to design capacity = (actual output/design capacity)*100=…
Q: A factory manufactures two products A and B on three machines X,Y, and Z. Product A requires 10 min…
A:
Q: The manager of the greeting card section of Mazey’s department store is considering her order for a…
A: Given data Demand Probability 25 0.10 26 0.15 27 0.30 28 0.20 29 0.15 30 0.10 To…
Q: A hardware company is studying a plan to open a new distribution center in the southeast. The…
A: P = Units of Pressure washers to be sent to the distribution center G = Units of go-karts to be sent…
Q: Kim Davis has decided to purchase a cellular phone, but she is unsure about which rate plan to…
A:
Q: A manager is attempting to put together an aggregate production plan for the coming nine months. She…
A: an aggregate plan using the information given- With 20 permanent workers initially with each…
Q: 4.- A real estate agent is considering changing his cell phone plan. There are three plans to choose…
A: Given data is Fixed cost = $20 per month Morning call cost under plan A = $0.45 per min Afternoon…
Q: Aggregate Planning and Master Scheduling Planners of the company are about to prepare the aggregate…
A: Find the Aggregate plan below: The required total cost is 51100000 LE.
Q: Bob Carlton’s golf camp estimates the following staff requirements for its services over the next 2…
A: Production scheduling can be done using different strategies like Level strategy, chase strategy…
Q: Two vaccination schemes are recently adopted in Lebanon, Pfizer and Astrazenica The profit for each…
A: Thankyou for asking the question. Since you have posted a question with multiple sub-parts, we will…
Q: Northwest Pipe (NP) makes water pipe. NP is planningproduction for the next seven months, March…
A: given, Th e forecast demands (in thousands of feet) are, respectively, 40,60, 70, 80, 90, 100, and…
Q: A manager is attempting to put together an agregate plan for the coming nine months. She has…
A: In a company, the procurement of inventory, its storage as well as management involves huge amounts…
Q: Define the term No Feasible Solutions?
A: A linear program is infeasible when no arrangement fulfils the entirety of the imperatives - all in…
Q: A real estate agent is considering changing her land line phone plan. There are three plans to…
A: a). A person gets an option of three cell phone plans. All rates as per month given below:…
Q: Crystal Clear Health Drinks: A health drink production company, Crystal Clear Health Drinks,…
A: Since you have submitted multiple questions, as per guidelines we have answered the first question…
Q: Formulate the Linear Programming algebraic model : The DLSU Faculty Cooperative has P250,000…
A: Given data is Available money to invest = P250,000 Return rate by treasury notes = 8% = P20000…
Q: Spring and Summer Fashions, a clothing producer, has generated a forecast for the next eight…
A: The steady production of 1,200 units is maintained. As the production rate per worker is not given,…
Q: A hardware company is studying a plan to open a new distribution center in the southeast. The…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: A school district has forecast student enrollment for several years into the future and predicts…
A: When the varsity district realized it had excess capacity in handling students up to…
Q: i. Showing all the working clearly, prepare the payoff table if the states of demand are high (S1 )…
A: Below is the solution:-
Q: A manager must decide which type of equipment to buy, Type A or Type B. Type A equipment cost…
A: Capacity refers to the total amount of units a firm is producing during a given period of time while…
Q: Ola Ltd, which uses a job costing system, had two jobs in process at the start of the year: Job L1…
A:
Q: A real estate agent is considering changing her cell phone plan. There are three plans to…
A: Total minutes for daytime are 120 and evening are 40. Hence total cost for different plans is as…
Q: Formulate the objective functions and constraints determine the breakdown of each product and the…
A: Decision variables : Let number of tables produced be x Number of chairs produced be y Number of…
Q: Tri-County Utilities, Inc., supplies natural gas to customers in a three-county area. The company…
A: Find Solution using North-West Corner method, also find optimal solution using modi method,…
Q: "Disk City, Inc., is a retailer for digital video disks. The projected net income for…
A: Cost volume profit analysis: It is the tactic of marginal costing which is employed to form…
Q: design capacity, utilization and efficiency
A: Design capacity indicating the total capacity of business which design based on its facility. It…
Q: A Juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of…
A: Arrange the excel sheet with the following formula & data as shown:
Q: The Aggies will host Tech in this year's homecoming football game. Based on advance ticket sales,…
A: Cost price = $1.60 Selling price = $2.80 Salvage value = $0.60 Profit = 2.80-1.60 = $1.2 Profit in…
Q: The director of a large public library must schedule employees to reshelf books and periodicals…
A:
Q: 1. Compute the plantwide predetermined overhead rate. 2. During the year, Job 400 was started and…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Snip
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?On Week a) Item: P24 hand 1 2 3 4 5 6 7 8 Forecast 30 30 30 40 40 40 45 45 Customer Orders 13 8 4 PAB 20 Available to Promise MPS b) Determine if each customer order will be accepted. Order Amount Week Accept (Y/N) 1 40 2 30 3 4 30 25 462M 3 Update the MPS time-phased record for accepted orders. Item: P24 Forecast Customer Orders Problem 3: The MPS planner at Murphy Motors uses MPS time-phased records for planning end-item production. The planner is currently working on a schedule for the P24, one of Murphy's top-selling motors. The planner uses a production lot size of 70 and a safety stock of 5 for the P24 motor. a) Complete the MPS time-phased record for product P24. Use the table on the left. b) Determine if Murphy Motors can accept each of the following customer orders. Update the MPS time- phased record for accepted orders. Order 1234 Amount 40 Desired Week 4 30 30 25 623 8 4 On Week hand 1 2 3 4 5 6 30 30 30 40 40 40 74 45 45 PAB 20 Available to Promise MPS On hand = 20The current data for five trees that will be analyzed in the exercise are shown in the following table Expected Yearly Demand Quantity For Sale In-Field Quantity 440 74 Trees Christmas Palm Washingtonia Gumbo Limbo Yellow Poinciana Weeping Podo 81 165 159 49 185 Trees Christmas Palm Washingtonia Std Dev 31 155 35 32 68 Gumbo Limbo Yellow Poinciana The "expected yearly demand" is an estimate of the demand over the next year for the tree. The "std dev" is the standard deviation, a measure of the error, that corresponds to the forecast. For-sale and in-field quantities are given, and finally the total number of trees planted on the farm. The demand forecast and quantities are updated on an ongoing basis as trees are sold and planted on the farm. 374 70 42 290 Your first task is to evaluate the inventory "position" of each tree. The farm does not keep any backorder information, so the only data you have is "for-sale" and "in-field" quantities. Think about "for-sale" as on-hand trees, and…
- A forecast of 240 units in January, 320 units in February, and 240 units in March has been approved for the seismic-sensory product family manufactured at the Rockport facility of Maryland Automated, Inc. Three products, A, B, and C, comprise this family. The product mix ratio for products A, B, and C for the past 2 years has been 35 percent, 40 percent,and 25 percent, respectively. Management believes that the monthly forecast requirements are evenly spread over the 4 weeks of each month. Currently, 10 units of product C are on hand. The company produces product C in lots of 40, and the lead time is 2 weeks. A production quantity of 40 units from the previous period is scheduled to arrive in week 1. Thecompany has accepted orders of 25, 12, 8, 10, 2, and 3 units of product C in weeks 1 through 6, respectively. Prepare a prospective MPS for product C and calculate the availableto-promise inventory quantities.Plastomer, Inc. specializes in the manufacture of high-grade plastic film used to wrap food products. Film is rejected and scrapped for a variety of reasons (e.g., opacity, high carbon content, incorrect thickness or gauge, scratches, and so on). During the past month, management collected data on the types of rejects and the amount of scrap generated by each type. The results are given in the following table. Compute percent of total amount for each type of failure to complete the table. (Enter your responses as percents rounded to one decimal place.) LOADING... Type of Failure Amount of Scrap (lbs.) Percent of Total Amount 1 Air bubbles 500 enter your response here% 2 Bubble breaks 25,500 enter your response here% 3 Carbon content 250 enter your response here% 4 Unevenness 3,680 enter your response here% 5 Thickness or…Plastomer, Inc. specializes in the manufacture of high-grade plastic film used to wrap food products. Film is rejected and scrapped for a variety of reasons (e.g., opacity, high carbon content, incorrect thickness or gauge, scratches, and so on). During the past month, management collected data on the types of rejects and the amount of scrap generated by each type. The results are given in the following table. Compute percent of total amount for each type of failure to complete the table. (Enter your responses as percents rounded to one decimal place.) Type of Failure Amount of Scrap (Ibs.) Percent of Total Amount 1 Air bubbles 500 2 Bubble breaks 26,400 3 Carbon content 250 % 4 Unevenness 3,540 5 Thickness or gauge 3,640 % 6 Орacity 650 % 7 Scratches 10,810 8 Trim 700 % 9 Wrinkles 22,810 |%
- 3. A toy manufacturer makes stuffed kittens and puppies which have relatively lifelike motions. There are three different mechanisms that can be installed in these "pets." These toys will sell for the same price regardless of the mechanism installed, but each mechanism has its own variable cost and setup cost. Profit, therefore, is dependent upon the choice of mechanism and upon the level of demand. The manufacturer has in hand a forecast of demand that suggests a 0.2 probability of light demand, a 0.45 probability of moderate demand, and a probability of 0.35 of heavy demand. Payoffs for each mechanism-demand combination appear in the table below. Wind-up action Pneumatic action Electronic action Demand Light Moderate $250,000 $90,000 -$100,000 400,000 440,000 400,000 Heavy 650,000 740,000 780,000 Construct the appropriate decision tree to analyze this problem. Use standard symbols for the tree. Analyze the tree to select the optimal decision for the manufacturer.Kwame after his National Service and with no hope of securing a job in the formal sector has decided to run a taxi service. The following forecast has been made for the operation of a service between Abisim and Sunyani. i) Revenue totaling GH¢300 a week for 52 weeks in a year. This is net of fuel and other variable costs. ii) Tyres; four pieces for a year at GH¢120 per unit. iii) Maintenance and servicing; GH¢120 per month. iv) Salaries GH¢3,000 per year v) Insurance GH¢350 per year The net cash flow will increase at 5% per annum for the next five years due to inflation. The cost of the vehicle is estimated at GH¢28,000. The project appears quite profitable based on the NPV criteria using the Government policy rate of 26%. However the banks are offering rates far higher than the policy rate. Required: You are to calculate the break-even rate for the project.Article: Planning for Holiday Shipping at FedEx FedEx started as Federal Express in 1971 and made its first delivery in 1973 with 14 aircrafts and 389 employees, successfully delivering 186 packages.50 The company was founded by Frederick W. Smith who first presented his idea for the shipping company in a term paper for a business class at Yale University in 1964. Smith did not do well on the paper as his professor did not see the need for overnight package deliveries. But more than 45 years later, Smith has clearly proved his professor wrong. FedEx now employs more than 325,000 employees and uses its 652 aircraft and more than 100,000 trucks to ship on average 10.5 million packages a day in over 220 countries. Managing such a large enterprise with so much complexity clearly requires effective planning. Similar to other shipping companies, FedEx engages in significant planning to prepare for Christmastime deliveries, the company’s peak season. FedEx typically meets with major…